Oil prices were little changed on Thursday after rising sharply in the previous session amid escalating tensions in the Middle East, with the conflict now expanding beyond Hormuz into the Red Sea.

Brent crude futures edged up slightly toward $91 a barrel after climbing 7.9 percent in the U.S. trading session. WTI crude futures were down 0.4 percent at $84.15 after rallying 6.6 percent overnight.

The United States carried out fresh strikes on Iran on Wednesday, further intensifying a five-month-old war that is spreading beyond its main fronts to embroil more countries across the region.

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Oil Prices Hold Steady After Rally

2026-07-30 10:05:43

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